"If you had $10 million, would you put it in stocks or the watch and car market?"

His answer surprised me.

He said he envies people who trade watches and cars. They don't have to sit there every second trading positions in and out. And he sees a significant stock market correction coming in the next 12 months, even with strong earnings.

He asked me if I see the same correction in watches and cars.

I said no. The opposite.

His response? "I wish I knew how to trade watches and cars. I'd quit my job in a heartbeat."

The guy who manages institutional portfolios for a living is telling me he envies alternative asset traders.

Here's why he's right. Institutional wealth is starting to eye watches and cars as collateralized assets. I think this becomes real around 2027. And if deglobalization continues pushing us toward a U.S.-centric market, prices are going up.

Alternative assets aren't just more fun. They're tangible. You can hold them. Wear them. Network with them.

Even Wall Street wants in. And they envy the guys already making moves.

What's the first purchase you'd make with the $10mn?